You are required to provide a safe and functional place to live.

The tenant gives you money in exchange for a safe, functional place to live.

My two tips: 1) take advantage of the search function to find threads in the forum for any questions you have (before posting/creating a new thread) and 2) regarding investment property-- clearly define what your goals are on the front end so you don't get distracted when evaluating deals (and your goals very well may change or adapt!). 

The seller has set up a functional equivalent of an asset or stock sale.

Solid cash flow, well-built building, a commercial operation that was well functioning and had been in existence for 14 years.

So far we are making improvements as needed, but they are functioning and cash flowing well.

If you'd be looking to turn around and re-buy a functional equivalent home in the PC market then it would just be an expensive move. 

broaden the marketing a bit...occupational therapists, physical therapists, resperatory specialists and on and on...they have outsourced all these formerly doctor functions to specific professionals now, and like traveling nurses they are often young, getting paid well and love to travel.

Here's the structure & terms of the 50/50 cash-sweat equity partnership:Money partner obtains loan and the contract on the property Sweat equity partner performs day to day management functions on the STR or LTRAfter closing, the money partner holds a “mini mortgage” with the sweat-equity partner in the amount of the sweat-equity partners half of the down payment/closing costs/furnishing costs.

Hold for one year, get a T12, sell property as a functioning business and then 1031 into a more desirable asset (large multifamily or an airbnb that you, your friends, and your family can personally enjoy at a much higher rate.